‘Million Dollar Listing’ brokers say now is the time for luxury homebuyers to scoop up a deal. Here’s their advice for buyers and sellers.

Tracy Tutor and Josh Flagg of “Million Dollar Listing Los Angeles.”
The real-estate agents Tracy Tutor and Josh Flagg said now is the time for luxury homebuyers to act.
Sellers must price their homes realistically, even if they are worth less than they were last year.
Buyers should get a jump start on the loan process and be aware of the slow times of the year.

2023 is the year for homebuyers with millions to act, according to the “Million Dollar Listing Los Angeles” star Tracy Tutor.

Luxury-home sales — those in the top 5% of their area based on market value — declined by a record 44.6% year-over-year to the second-lowest level on record during a three-month period that ended on January 31, according to the real-estate brokerage Redfin.

Tutor, a real-estate agent with more than 20 years of experience who is best known for selling and listing luxury homes, said that now is the ideal time for luxury homebuyers to act, and that prospective buyers intent on staying in their home for…

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This article was written by Katherine Stinson and originally published on www.businessinsider.com